IR - Press releases

Non-recurring effects and impairment charges of approx.  74 million have a negative effect on results for the first
nine months of 2011; preliminary net profit for the period falls to approx.  20 million

18/11/2011 | IR news

Ad hoc press release / Flughafen Wien AG issues profit warning

Non-recurring effects and impairment charges of approx.  74 million have a negative effect on results for the first
nine months of 2011; preliminary net profit for the period falls to approx.  20 million

Management Board cuts capital expenditure programme for the period up to 2015 by  70 million to  590 million

In connection with the preparation of the financial statements for the third quarter, the management board of the issuer has
determined the following on November 18, 2011:

The impairment charges and non-recurring effects of approx.  74 millionare attributable to the terminal extension Skylink, the investment in Koice Airport and an investment property at Vienna
Airport; in addition, provisions must be recognised to cover part-time work for older employees. These non-recurring effects
will have a negative effect on earnings in the third quarter of 2011, and preliminary net income for the first nine months
of this year will fall to approx.  20 million. Despite these results the companys operating development is positive,
with an increase of 7.5% in traffic during the first three quarters of 2011.

Skylink: Flughafen Wien is evaluating legal steps

In the cases reviewed by technical experts, damages of approx.  57 million were identified as the result of deficient performance by contractors and unjustified increases in cost. Impairment charges totalling  29 million were recognised. Flughafen Wien AG will actively pursue claims for compensation from the involved companies. One
company has already repaid  7.6 million to Flughafen Wien AG, whereby the public prosecutors office has also launched
an investigation in this case.

Impairment charge to Koice Airport

In the fourth quarter of 2006 Flughafen Wien acquired a stake in Koice Airport through a consortium, and FWAG now holds
an indirect share of 66%. The carrying amount of the investment in Koice Airport, which is accounted for at equity,
equals  47 million before the recognition of any impairment charges. This company was profitable in the past, but the
latest medium term forecasts indicate that traffic growth will fall substantially below earlier expectations. Consequently,
the carrying amount of the investment must be reduced through an impairment charge of  21 million.

Impairment charge to investment property and provisions for part-time work for older employees

Recent detailed examinations indicate that a building at Vienna Airport will not reach the expected occupancy level over the
medium-term. The carrying amount of this investment will therefore be reduced through an impairment charge of  18 million
as of 30 September 2011. Additionally, provisions of approx.  6 million must be recognised to cover part-time work for
older employees.

Management Board cuts capital expenditure to strengthen earning power over the medium term

The Management Board is taking further steps to increase the companys earning power and is cutting capital expenditure
by approx.  70 million to  590 million for the period up to 2015. In addition to the cancellation of individual
projects and a reduction in the respective expenditures, the maximum cost for the Skylink will decline to  770 million.
The reduction comprises cost savings as well as the release of risk provisions. These effects decrease medium term financing
requirements and, in turn, will have a positive influence on the companys gearing.

Detailed results on the first nine months will be announced on 24 November 2011.

For additional information contact:

Corporate Communications Flughafen Wien AGInvestor Relations:

Peter Kleemann (+43-1-) 7007-23000Judit Helenyi (+43-1-)7007-23126

Clemens Schleinzer (+43-1-) 7007-22399Mario Santi (+43-1-) 7007-22826

p.kleemann@viennaairport.comj.helenyi@viennaairport.com

c.schleinzer@viennaairport.comm.santi@viennaairport.com

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